Articles by Yonhap
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S. Korea 'closely watching' safety of some 1,600 S. Koreans in Iraq
South Korea is keeping close tabs on the safety of some 1,600 South Koreans staying in Iraq, where political instability is rising after the death of the top Iranian defense commander, the foreign ministry here said Friday.The Iranian commander, Maj. Gen. Qassim Suleimani, was killed early Friday in a drone strike at Baghdad International Airport upon the authorization of United States President Donald Trump. The Iranian commander was leading the powerful Quds Force of the Islamic Revolutionary
Social Affairs Jan. 3, 2020
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Kakao Bank to push for IPO in second half of this year
Kakao Bank, South Korea's largest internet-only bank, is pushing for a listing on the country's stock market by the end of this year, a top executive said Friday.Lee Yong-woo, co-CEO at Kakao Bank, gave the time frame for an initial public offering (IPO) during a meeting with reporters at a Seoul hotel. It marked the first time that a top bank executive mentioned a specific time frame.Still, another Kakao Bank official said Lee's comments mean that the bank will make preparations in the second h
Market Jan. 3, 2020
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Big Bang to make comeback at US music festival
Popular K-pop band Big Bang will make a much-awaited comeback to the stage at a US music festival this spring after its members completed their military duties, the group's agency said Friday.The act was invited to this year's Coachella Valley Music and Arts Festival in Indio, California, in April, according to YG Entertainment. Big Bang will perform on April 10 and 17, along with other musicians, including Rage Against the Machine, Peggy Gou and Hatsune Miku.It is expected to be the f
Performance Jan. 3, 2020
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[Newsmaker] 2 dead, 1 injured in Incheon crane collapse
INCHEON -- Two workers were killed and one other was injured when a 30-meter-high tower crane collapsed at a construction site in Incheon, west of Seoul, on Friday, police said.In the 8:32 a.m. accident at the site for the construction of a cutting tool manufacturer's headquarters, a 58-year-old worker and a 50-year-old worker, both from a crane installment company, were killed. Another worker, 34, from the same company sustained an injury on his left arm and was taken to a nearby hospital. The
Social Affairs Jan. 3, 2020
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Finance minister urges financial firms to focus on risk this year
Finance Minister Hong Nam-ki on Friday called for banks and other financial firms to improve their risk management processes and channel more funds into the real economy. Hong made the remarks at a meeting for the new year with heads of economic and financial institutions, including Bank of Korea Gov. Lee Ju-yeol and Finance Services Commission Chairman Eun Sung-soo. "The trend of an economic recovery is anticipated for this year, but we must remain vigilant due to uncertainties over the gl
Economy Jan. 3, 2020
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Samsung ships over 6.7m Galaxy 5G smartphones in 2019
Samsung Electronics Co. said Friday it shipped more than 6.7 million Galaxy 5G smartphones last year, solidifying its top dog status in the global 5G handset market. With solid shipment performance, Samsung said it accounted for 53.9 percent of the global 5G smartphone market as of November 2019, citing data from market tracker Counterpoint Research. Samsung launched five Galaxy 5G devices last year, including the Galaxy S10 5G and Note 10 5G, as well as Galaxy Fold 5G.The South Korean tec
Industry Jan. 3, 2020
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Demographic change will bring new, bigger challenges to financial sector: BOK chief
The head of South Korea's central bank on Friday called for efforts by the financial industry to prepare for the fourth industrial revolution, as well as imminent demographic changes that he said will increasingly become bigger and more serious."It is not easy to predict changes that will come over the next decade. But it is easy to expect that the impact of changes in population and technological developments will become much greater while this trend of a new normal continues," Bank o
Economy Jan. 3, 2020
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Four lawmakers-turned-ministers won't run in April's general election
Four lawmakers of the ruling Democratic Party, who are concurrently serving as ministers in President Moon Jae-in's Cabinet, said Friday they won't run for reelection in April's general election, vowing to devote themselves to the success of the Moon government.SMEs and Startups Minister Park Young-sun, Land, Infrastructure and Transport Minister Kim Hyun-mi and Education Minister Yoo Eun-hae held a joint news conference at the National Assembly in the morning to announce their decisions not to
Politics Jan. 3, 2020
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인도네시아 홍수에 쥐·바퀴벌레도 살겠다고 아등바등
새해 첫날 폭우와 홍수로 30명 사망…이재민 3만1천여명인도네시아 자카르타 수도권에 새해 첫날 홍수가 발생해 주민 30명이 숨진 가운데 동물·곤충도 수해를 입거나 목숨을 부지하려고 아등바등하는 모습이 SNS를 통해 퍼졌다.지난 1일 트위터에는 새끼 쥐 한 마리가 물 위에 둥둥 떠 있는 슬리퍼 위에 올라앉아 떨어지지 않으려고 바들거리는 동영상이 게시됐다.또 다른 트위터에는 침수된 주택 대문 윗부분에 바퀴벌레 수십 마리가 물에 빠지지 않으려고 붙어있는 동영상이 게시됐다. 쥐와 바퀴벌레는 물론 지렁이 등 다른 벌레들이 침수된 건물 벽 윗부분이나 어디든 높은 곳에 붙어있는 또 다른 사진·동영상도 퍼졌다.시네레에서는 1일 오후 6시께 이웃집 개가 쇠사슬에 묶인 채 물에 빠져 죽지 않으려고 고군분투하는 모습을 본 남성의 신고로 소방대원이 가까스로 도끼로 사슬을 끊고 구조하는 장면이 찍혔다.당시 대문에 묶여 있던 개는 급격히 물이 불어나면서 대문 윗부분을 붙
한국어판 Jan. 3, 2020
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JYJ's Kim Jae-joong to tour six Asian cities
Singer Kim Jae-joong of JYJ will begin a six-city Asian tour later this month, his management agency said Friday.The three-month tour will kick off in Seoul on Jan. 18-19 at the Peace Hall of Kyunghee University and continue in Bangkok, Jakarta, Kuala Lumpur, Taipei and Macao, according to C-Jes Entertainment. Kim, a member of the Korean pop group JYJ, will release his first Korean-language album in four years, titled "Love Ballad," on Jan. 14.Debuting as an original member of boy band
Performance Jan. 3, 2020
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NK's official newspaper warns of immediate, powerful strike against threats
North Korea's official newspaper said Friday that any attempt to infringe upon the communist state's dignity and survival should be met by an "immediate and powerful" strike, calling for all-out efforts to build up its national defense capability.North Korean leader Kim Jong-un threatened at a key party meeting in late December that the world will soon witness a "new strategic weapon," and warned of a "shocking actual action," accusing the United States of stalling
North Korea Jan. 3, 2020
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Hyundai Heavy aims to win $15.99b worth of deals in 2020
South Korea's Hyundai Heavy Industries Group said Friday its three shipbuilding units are seeking to secure combined deals worth $15.9 billion this year.The combined target of Hyundai Heavy Industries Co., Hyundai Samho Heavy Industries Co. and Hyundai Mipo Dockyard Co. remains unchanged from last year's goal. Hyundai Heavy Industries said it aims to bag $8 billion worth of deals in 2020, according to a company official.Hyundai Mipo Dockyard said in a regulatory filing that it aims to clinch dea
Industry Jan. 3, 2020
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Samsung, LG to showcase upgraded AI-powered products at CES
South Korea's top two electronics giants -- Samsung Electronics Co. and LG Electronics Inc. -- will lock horns in the field of artificial intelligence at the upcoming tech expo in the United States, industry observers said Friday, as they pin high hopes on the products powered by human-like algorithms. AI is one of the key themes set to draw keen attention at the annual four-day Consumer Electronics Show that kicks off Tuesday in Las Vegas, Nevada, where more than 4,500 firms from around the glo
Technology Jan. 3, 2020
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Seoul shares open sharply higher on Wall Street gains
South Korean stocks opened sharply higher Friday tracking overnight gains on Wall Street.The benchmark Korea Composite Stock Price Index added 26.35 points, or 1.21 percent, to 2,201.52 in the first 15 minutes of trading. US stocks rose to fresh highs on the first trading day of the new year following the news that China's central bank opted to stimulate the economy by adding more liquidity in the financial market. The Dow Jones Industrial Average advanced 0.9 percent to 28,868.80, while t
Market Jan. 3, 2020
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[Newsmaker] Court declines to issue arrest warrant for conservative pastor
A Seoul court on Thursday rejected a request for a warrant to arrest a conservative pastor for his alleged role in a violent anti-government rally.Following a hearing that lasted over two hours, the Seoul Central District Court dismissed the prosecution's request to arrest Rev. Jun Kwang-hoon."At the current stage, it is difficult to recognize the need, reason for detention," the court said in its decision.Prosecutors had requested the Seoul Central District Court detain Jun for allege
Social Affairs Jan. 3, 2020
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